Wasatch Advisors LP Buys 52,296 Shares of Bowhead Specialty Holdings Inc. (NYSE:BOW)

Wasatch Advisors LP raised its stake in Bowhead Specialty Holdings Inc. (NYSE:BOW) by 16.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 360,868 shares of the company’s stock after acquiring an additional 52,296 shares during the period. Wasatch Advisors LP’s holdings in Bowhead Specialty were worth $10,108,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PDT Partners LLC acquired a new stake in shares of Bowhead Specialty in the 3rd quarter valued at $359,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Bowhead Specialty by 9.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 131,600 shares of the company’s stock valued at $3,686,000 after purchasing an additional 11,600 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Bowhead Specialty in the third quarter valued at about $123,000. BNP Paribas Financial Markets bought a new stake in Bowhead Specialty during the third quarter worth about $484,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Bowhead Specialty during the third quarter worth approximately $157,000.

Analyst Upgrades and Downgrades

BOW has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Bowhead Specialty from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price objective on Bowhead Specialty from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 29th. JMP Securities raised their target price on Bowhead Specialty from $32.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price target on shares of Bowhead Specialty from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Bowhead Specialty currently has a consensus rating of “Hold” and a consensus target price of $31.40.

Bowhead Specialty Stock Performance

Shares of BOW opened at $36.84 on Friday. The company has a fifty day moving average price of $31.08. Bowhead Specialty Holdings Inc. has a 52 week low of $22.14 and a 52 week high of $37.12.

Bowhead Specialty (NYSE:BOW) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The firm had revenue of $116.76 million for the quarter, compared to analyst estimates of $113.00 million. Analysts forecast that Bowhead Specialty Holdings Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling at Bowhead Specialty

In other news, Director Family Mutual Insuran American sold 1,362,285 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $27.70, for a total value of $37,735,294.50. Following the transaction, the director now owns 4,700,761 shares of the company’s stock, valued at $130,211,079.70. This represents a 22.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Bowhead Specialty Profile

Bowhead Specialty Holdings Inc provides specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions for financial institutions, private and public directors and officers liability insurance, errors and omissions liability insurance, and cyber segments; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and healthcare management liability segments.